Editor’s Note: In September 2023, the IRS stopped processing new ERC claims. The IRS began processing ERC claims again on August 8, 2024. The IRS also announced a voluntary disclosure and repayment ...
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The IRS recently released new FAQ guidance providing a simplified procedure for addressing income tax amendments and refund claims related to Employee Retention Credit (ERC) determinations. See IRS ...
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Lucrative tax credit's days appear to be numbered
The lucrative Employee Retention Credit — a Covid-19 relief measure that has drawn considerably scrutiny — appears likely to be on its last legs. Congress took aim at the Employee Retention Credit as ...
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